Refineries scrambling for a break

AUTHOR(S)

Darce, Keith

PUB. DATE

May 1995

SOURCE

New Orleans CityBusiness (1994 to 2008);5/15/95, Vol. 15 Issue 45, p1

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

Reports on the decision of Mobil Corp. and other refineries in the New Orleans, Louisiana area to seek foreign trade zone status in order to cut operational costs. Provisions of the zone program; Foreign Trade Zone Board's extension of full zone benefits to participating refineries; Requirements for a subzone classification.

Reports on a proposed penalty against Mobil Oil Co. for the release of hazardous substances from its petroleum refinery in Paulsboro, New Jersey. Investigation results by the US Environmental Protection Agency (EPA).

Reports that oil giant Mobile Oil Corp. called for a block on plans to build a 'mini new town' close to its Coryton refinery complex in southeast England. Buffer zone between the refinery and the homes; Assessment of the safety of the scheme for Mobil's consultants; Public inquiry into the...

Reports that Lagoven, a subsidiary of Petroleos de Venezuela S.A., plans to take a 50 percent interest in Mobil's refinery in Chalmette, Louisiana. Inclusion in planned expansion of downstream operation; Development and upgrading of extra-heavy crude from the Orinoco Oil Belt.

ExxonMobil annually transports significant volumes of vacuum gas oil (VGO) from supply points in Europe to refineries in the United States. Optimizing these transportation costs by using modern mathematical programming technology can provide significant cost savings. We developed a mixed-integer...

Reports that the government of China has approved the proposal of ExxonMobil and Saudi Aramco for a refinery expansion and petrochemical complex with Fujian Petrochemical, a joint venture between Sinopec and the Fujian provincial government. Amount ExxonMobil plans to invest in Sinopec;...

The article presents information on the signing of a contract for the Fujian Refining and Ethylene Joint Venture Project and the Fujian Fuels Marketing Joint Venture Project. The contract was signed by Sinopec, Fujian province, ExxonMobil Corp. and Saudi Aramco on February 25, 2007. The Fujian...

The article reports on petroleum company ExxonMobil vice president of adhesion industry Dwight Tozer's speech at the 33rd annual Latin American Petrochemical Association meeting in which he discussed the firm's lack of steam crackers in South America and the expected growth of demand for...